Brazil’s largest independent oil producer, Prio, has taken command of Peregrino and Pitangola—two heavy-oil fields off Rio de Janeiro—by buying 40% and operatorship from Norway’s Equinor for $1.545 billion. A second step, planned for mid-2026, would add the final 20%. For now, Prio runs the asset and controls 80% of the consortium; Equinor holds 20% […]
